Hsbc Holdings PLC Decreases Position in Radian Group Inc. (NYSE:RDN)

Hsbc Holdings PLC cut its position in Radian Group Inc. (NYSE:RDN - Free Report) by 86.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,841 shares of the insurance provider's stock after selling 397,086 shares during the quarter. Hsbc Holdings PLC's holdings in Radian Group were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP increased its stake in Radian Group by 20.6% in the 4th quarter. First Trust Advisors LP now owns 10,766,237 shares of the insurance provider's stock worth $341,505,000 after acquiring an additional 1,836,020 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Radian Group by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,094,163 shares of the insurance provider's stock worth $193,307,000 after acquiring an additional 248,423 shares during the last quarter. American Century Companies Inc. lifted its position in Radian Group by 7.9% in the fourth quarter. American Century Companies Inc. now owns 3,351,361 shares of the insurance provider's stock valued at $106,305,000 after purchasing an additional 245,303 shares during the last quarter. Norges Bank purchased a new stake in Radian Group during the 4th quarter valued at $73,693,000. Finally, River Road Asset Management LLC grew its holdings in Radian Group by 0.3% in the 4th quarter. River Road Asset Management LLC now owns 1,644,386 shares of the insurance provider's stock worth $52,160,000 after acquiring an additional 5,524 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Radian Group

In related news, Director Gregory Serio sold 4,100 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $32.65, for a total value of $133,865.00. Following the sale, the director now directly owns 344 shares in the company, valued at approximately $11,231.60. The trade was a 92.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.01% of the company's stock.

Radian Group Stock Down 0.4 %

RDN traded down $0.13 during trading on Tuesday, hitting $33.77. 71,820 shares of the company's stock traded hands, compared to its average volume of 1,206,560. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 0.50. The company's 50 day simple moving average is $32.08 and its two-hundred day simple moving average is $32.90. Radian Group Inc. has a 12-month low of $29.32 and a 12-month high of $37.86. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.73 and a beta of 0.71.

Radian Group (NYSE:RDN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The company had revenue of $318.11 million for the quarter, compared to the consensus estimate of $326.99 million. Radian Group had a return on equity of 13.96% and a net margin of 46.85%. Radian Group's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Analysts predict that Radian Group Inc. will post 3.79 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, February 24th were paid a dividend of $0.255 per share. This is a boost from Radian Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.02 dividend on an annualized basis and a yield of 3.02%. Radian Group's dividend payout ratio (DPR) is presently 25.95%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods restated an "outperform" rating and set a $38.00 price target (up previously from $37.00) on shares of Radian Group in a report on Friday. UBS Group lifted their price objective on Radian Group from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $36.80.

Radian Group Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.